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US tariff: There is a stir in the world about tariffs at this time. Meanwhile, US President Donald Trump said on Wednesday that he has received information that India is preparing to reduce tariffs on some things.
India and China are among the 15 largest trading partners in the US. The Trump government is interacting with these two countries to reduce America’s trade deficit.
Donald Trump said this said
US President Donald Trump said while talking to reporters at the Oval Office, "I think India will reduce tariffs." However, he did not say that the tariffs will be less on which products, when it will happen or what is its confirmed information. This thing has come to the fore between the ongoing business talks between India and the US.
According to news agency PTI, officials from India and America will begin talks on a bilateral trade agreement (BTA) in Washington on Wednesday (US time). This will be a three-day meeting, in which 19 things related to tariffs, non-tariff rules and customs (customs) will be discussed. This is the first time these issues will have a face-to-face conversation.
According to the US Trade Representative Office, this trade agreement will bring new opportunities for the employees, farmers, traders and women of both countries. With this, American goods will get more access to foreign markets, especially in India. The aim of America is that this agreement gives it a chance to do more business in India, reduce tariffs and get benefits for a long time.
Business talks between America-India received green signal & nbsp;
Earlier, in a press release issued by the US Trade Representative Office (USTR), Ambassador Greer said that India and the US are now moving towards a new bilateral trade agreement (BTA). He informed that both countries have set the conditions required for this agreement.
He said, "I am happy to say that the USTR and the Ministry of Commerce and Industry of India together have prepared a roadmap for business talks." Ambassador Greer also said, "There is a lack of balance in our business relations with India. This dialogue will help American goods a place in the Indian market and remove the wrong policies that cause damage to American workers. This will bring equality and balance in trade between the two countries."
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